1 Leyland Street, Onekawa, Napier, Hawke's Bay

This modern, purpose-built showroom and warehouse commands a high-profile corner position on Wakefield and Leyland Streets in the heart of Onekawa.   Constructed in 2007, the tilt-slab building carries an assessed NBS rating of 67–80% (IEP 2013) and comprises a 219m² showroom, 79m² storeroom, and a 158m² warehouse with three access doors and 76m² of canopy cover. The freehold site totals 1,315m², including approximately 450m² of secure yard further enhancing its long-term tenant appeal.   Leased to BOC Limited since 2014, a subsidiary of global industrial gases and engineering leader Linde PLC, this asset offers exceptional investment fundamentals, underpinned by a strong tenant covenant, strategic location, and modern improvements.  Purchasers will take comfort in BOC’s long-term commitment to the location, evidenced by their ownership of the adjoining site occupied by BOC subsidiary Elgas, which also utilises office space and amenities at 1 Leyland Street.   Investors seeking a bottom-drawer investment with minimal risk are strongly encouraged to consider this offering. For sale by way of Deadline Private Treaty closing 3pm, Thursday 26 February 2026 (unless sold prior). 

  Contact Ash Hames for further information.

Features:

• 140,390 net pa + GST
• 5 year lease from 1-Jan-24
• Multi-National Tenant
• Prime Onekawa Location

More information: https://www.colliers.co.nz/p-NZL67038106